As one of the most significant innovations in the crypto market today, Lama is a user-friendly platform allowing crypto lovers to pay and receive payments in fiat and cryptocurrencies easily and instantly.
Established to bring innovative blockchain financial services to the mass market in a way that is easy, uncomplicated, friendly, and trustworthy, the platform offers various financial features to save, store, earn, and manage digital currencies through one app.
The cryptocurrency industry has been growing over the past decade since its humble beginnings with Bitcoin in 2009. To date, the innovation industry has grown with thousands of different digital assets ranging from altcoins, stablecoins, and utility tokens to NFTs.
There has been a significant increase in the adoption of cryptocurrency, and people are using it for everything.
More companies are accepting cryptocurrencies as payment. More individuals are using digital assets for peer-to-peer transactions. Also, investors are seeking exposure to the crypto market.
Without a doubt, cryptocurrency has many advantages. It is faster, safer, and more transparent rather than traditional fiat currencies. This also makes cryptocurrency superior to fiat currency in many ways.
Lama helps you leverage all these advantages in your daily life.
What Is Lama All About?
Lama makes the crypto world work just about anywhere in the real economy.
There are various services for customers and businesses, including crypto wallets, and Euro accounts, as well as a real-time exchange feature available on the platform for instant conversion of crypto and traditional currencies.
You can open a Lama account with crypto wallets and IBANs. Lama accounts provide wallets for Bitcoin and other cryptocurrencies along with Euros and GBP.
The decline in value of the cryptocurrency market worldwide in the spring of 2022 impacted cryptocurrency growth worldwide and led to the loss of investor enthusiasm and negative asset price movement, but Europe with the national regulations did not face severe consequences.
Currently, governments and regulators are still working out ways to govern the uses of cryptocurrency to protect consumers and businesses from fraudulent activity.
Also, many preventative measures are implemented to fight illicit crypto uses. It also leads to a growing change as platforms seek legitimacy, governments seek regulation, and the two parties are working together to reach a mutual goal.
As Safety and Regulatory Compliance takes priority at Lama, the platform is PCI DSS compliant, ISO 27001 certified, and has been audited.
In addition, it is officially an outsourced Service Provider of a European E-money firm and registered by the Register of Legal Entities of Lithuania for the provision of cryptocurrency services.
The Lama App
Fintech has created significant value in the last ten years with better products and services for connecting global finance and providing more opportunities for the average user.
Crypto exchanges have added significant value as well, innovating and introducing more products and services, and introducing the world to decentralization.
These two areas merging together will leverage the best of both and create new products and services that neither alone could provide.
Lama has partnered with Visa in order to help develop a new way for Visa customers to buy and sell, and even to create a mass market experience.
Lama is where crypto and fiat meet in one app. It offers traditional currencies and crypto wallets with debit cards available for users to pay, receive, and hold in traditional currencies and crypto. On the other hand, you can also trace real-time, key financial market information through the Lama app.
Moreover, this also helps to cut down on payment processing costs and expand business opportunities.
Companies can open crypto accounts, accept payments from clients, pay employees in crypto, and invest crypto in secured plans. Importantly, the platform offers to all crypto companies that are not able to open a bank account, the ability to open a Lama account and have fiat accounts.
With the purpose of providing a very easy way for everyone to trade and follow the NFT market, the Lama app will provide an NFT marketplace in Q3/Q4 2023, which will allow users to follow the NFT collection, receive and transfer NFTs to and from their Lama account, and buy/sell NFT’s.
This allows those who are newbies into the crypto space or not blockchain specialists are able to trade NFT as well.
In addition to virtual and physical Lama Visa cards for users to spend crypto in any physical shop or online, you are also able to get interested paid in your Lama crypto earn account via Crypto earn account.
Lama also has more opportunities to explore so you can grow your crypto fund balances through a range of exciting crypto investment products, including those in the Metaverse with Crypto investment accounts, and obtain an instant cash loan against your crypto with Crypto Loan function.
The Lamas NFTs
The team has developed a series of artsy Lama collectibles, each one in the form of a unique Lama NFT for users to buy, sell, and hold their Lama NFT’s inside or outside of the Lama app.
The Lama NFT Vault is planned to be launched in the summer of 2023 that is built to solve the problem of NFT storage for mass market people. You may know that hot and cold wallets are currently the primary means for storing and exchanging cryptocurrencies or other digital assets.
While hot wallets are internet-enabled and online, cold wallets are offline. Because it’s less possible to hack so that it is less vulnerable to loss of digital assets, a cold wallet offers more security benefits.
This also explains why cold wallets have gained rapid adoption after the implosion of a large centralized crypto exchange that collapsed in November 2022 that left many users’ digital assets frozen or gone. Some of the top crypto platforms recognize this and have worked together with cold wallet companies to provide a seamless solution for users.
Lama has partnered with Ledge to maintain security using cold storage using a Ledger Vault, making the process of getting NFTs on a Lama NFT vault address user-friendly. NFTs will be automatically and completely transparently retrieved from cold storage using the platform’s cold storage key when you request.
The Lamaland Metaverse
Called Lamaland, the Lamaland Metaverse is a digital place where Lama users meet and exchange through events.
Why Should You Use Lama?
It can be seen that what makes Lama unique is the ultimate combination of traditional and modern finance, crypto and fiat, in one app.
It was designed and built for the mass market by removing all unnecessary crypto-related features, easing access to crypto, and offering a simplified user journey to cryptos and fiat.
The fact that Lama is regulated by fiat means that its compliance and safety procedures meet high standards.
Lama accepts fiat deposits and withdrawals IN and OUT of major exchanges such as Binance, Kraken, and more.
With these tools, a user can use Lama fiat services with these exchanges. It is important as many users have trouble making fiat deposits and withdrawals with their exchange accounts.
Conclusion
Lama is the only platform to offer access to both Fiat and Cryptocurrencies in one app, while at the same time being regulated and offering Visa cards.
Lama not only strives to offer a product that users can rely on, but it also offers the user experience built around the idea of giving access to crypto for all.
As cryptocurrency has become a more significant factor in the global investment landscape, Lama could be one of your most trusted and easy-to-use solutions for crypto investments!